Cost of Living in Reno, Nevada
While Nevada is one of the least densely populated states in the United States, Reno is the third largest city in the state, with a population of approximately 266,511 people. You will find that there is plenty to do in and around the city. It is nestled against the beautiful Sierra Nevada mountains, making it easy to find opportunities to get out and enjoy nature. Also, the University of Nevada – Reno (UNR) is not far from the downtown area, so it’s a great city for students. Casinos mean an active nightlife, and you’ll find community events happening throughout the year.
The cost of living in Reno is about 7% higher than the national average, with average house prices in the range of $ 300,000 if you want to own a home. Utility costs, however, are slightly lower than the national average, with an average electric bill of around $ 141. Finding an affordable apartment to rent is possible, depending on where you live in the city and what amenities you need.
How much does an apartment cost in Reno?
Prices for apartments around Reno vary as the city is quite large. The amount you pay for your monthly rent will depend on the part of the city in which you live. Students can live near the university to get to class quickly and easily. A studio near UNR costs around $ 800 on average.
Of course, you can find studios that rent for over $ 1,000 and some that rent as low as $ 590 in this area. A one bedroom apartment will cost you $ 1,200 or more, while three bedrooms will cost almost $ 2,000 per month and more.
Stepping away from college won’t necessarily save you money, as rents are actually a bit cheaper in this area. The main factors that affect the rental price of apartments in Reno are the age of the building as well as the amenities that you will find on the grounds of the apartment complex. If you want to have a laundry room on-site, you’ll probably pay around $ 1,000 per month for a studio, while those who prefer to have washer and dryer hookups in their own unit will pay around $ 1,200 per month.
Just east of Reno in Sparks, you can find one-bedroom apartments that rent for between $ 850 and $ 995 per month. In the south of Reno apartments are a bit more expensive, as many complexes are under 20 years old.
How to find cheap apartments in Reno?
If your goal is to find a cheap apartment, you can certainly find cheaper options in Reno and the surrounding areas. It is important to know your priorities when looking for an apartment. If you just need a pool on site, you’ll pay a bit more. While those who are willing to travel a bit or don’t need a lot of amenities will have more options to find a cheaper apartment.
Most cheap apartments in Reno rent out quickly, so you may have to put yourself on a waiting list to find one that fits your budget. In fact, only 15 apartments were available for less than $ 600 at the start of 2021. If you’re up to the commute, you can search the outlying areas. Sparks is a bit cheaper and very close to Reno, but you can also try the state capital, Carson City, or other areas like Truckee, Verdi, or Lemmon Valley.
Finding a roommate is another way to help lower the cost of living in Reno. It can also open up your options to include an apartment with more space. Make sure you and your potential roommate discuss the different aspects of living together before making the leap to renting an apartment. Living with someone, especially someone you don’t know well, can be difficult. You might want to come up with a roommate deal before you move in together to make sure you are both on the same page when it comes to house rules.
What is the cheapest rent in Reno?
While it can be difficult to find an apartment to rent for less than $ 800 a month in Reno, it is not impossible. Downtown, you can find a furnished studio for $ 590 per month. This unit type offers 120 square feet of living space and a shared bathroom and kitchen area. This type of apartment is perfect for students who want to live close to campus and don’t need a lot of space.
Another option for those looking for the cheapest Reno cost of living may choose to simply rent a room in someone’s house. Typically, renting a room to someone means utilities are included in the rent price, making it easier for those on a budget. Make sure you know about any additional costs that may come with renting a room in a person’s house, such as utilities, landscaping maintenance, or the internet.
You can find a pretty nice apartment near the university for $ 750 to $ 795 per month, but, as mentioned earlier, many of these apartments get rented out quickly.
The cost of living in Reno, Nevada is significantly higher than the national average, but you can still find some cheap places to live if you really look. You may need to be more flexible and forgo some amenities, like an on-site pool or laundry room, but the convenience of living in a city that has just about everything you could possibly need and more might be worth a bit more. .